ADMS 1000 Chapter Notes - Chapter 12: Equal Pay For Equal Work, Technological Change, Error Detection And Correction

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: All

Document Summary

Organizations must adapt to changing economic conditions: downsizing in harder times, organization expansion cannot occur in an economic vacuum. Changed in 1980 of part time security employment: the companies now are occupied with improving performance and bottom line results. High emphasis on performance and low emphasis on the people. Domestic and foreign market increased demand for innovation among firms: organizations must constantly develop to compete effectively, globalization opened floodgates for. Change and the environment of business: forces for change. Technology is a double edged sword: it can create new industries and destroy old ones. Can create new opportunities, or can replace workers with developed technology: technology provides more flexibility in work arrangements. Increase in borderless corporations: companies can freely move across borders and establish business anywhere. People with specialized skills obtain employment in other countries easier. Influenced changes in relationship of business to its external stakeholders: changed nature of business and communities, less ties with domestic country.